Trump vows to release report on his finances before 2020 election

President TrumpDonald TrumpTrump: LeBron James's 'racist rants' are divisive, nasty North Carolina man accused of fraudulently obtaining .5M in PPP loans Biden announces picks to lead oceans, lands agencies MORE on Monday pledged to release a report detailing his financial holdings before November 2020 amid increased scrutiny of government spending at his family's properties.

"At some point prior to the election, I’m going to be giving out a financial report of me, and it will be extremely complete," Trump told reporters as he left the White House for North Carolina.


"I'm going to give out my financial condition and you’ll be extremely shocked that the numbers are many, many times what you think," he added.

Trump did not respond to reporters asking whether that meant he will release his tax returns.

The president broke with decades of precedent in 2016 by refusing to release his tax returns. He has yet to release his returns, which are now the subject of a lawsuit filed by House Democrats.

Trump's promise to release a financial report before Election Day came as he defended himself in the wake of reporting that the Air Force stopped over at his family's Turnberry, Scotland, resort and after Vice President Pence spent two nights at the Trump property in Doonbeg, Ireland.

"I don't need to have somebody take a room overnight at a hotel," Trump said.

Democrats are investigating the lodging arrangements as part of a broader probe into possible corruption in the Trump administration.

The president declined to put his assets in a blind trust upon taking office, instead turning over control of the Trump Organization to his two adult sons. Trump has drawn intense criticism from Democrats, who argue that he is using the presidency to enrich his business empire.